Keeley Teton Advisors LLC lessened its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 424,656 shares of the bank’s stock after selling 20,229 shares during the quarter. UMB Financial accounts for approximately 1.7% of Keeley Teton Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Keeley Teton Advisors LLC owned 0.85% of UMB Financial worth $31,633,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of UMBF. Capstone Asset Management Co. raised its position in UMB Financial by 7.3% during the second quarter. Capstone Asset Management Co. now owns 4,113 shares of the bank’s stock worth $308,000 after acquiring an additional 280 shares in the last quarter. Aperio Group LLC raised its position in UMB Financial by 0.6% during the second quarter. Aperio Group LLC now owns 15,129 shares of the bank’s stock worth $1,133,000 after acquiring an additional 85 shares in the last quarter. Russell Investments Group Ltd. raised its position in UMB Financial by 10.3% during the second quarter. Russell Investments Group Ltd. now owns 208,467 shares of the bank’s stock worth $15,606,000 after acquiring an additional 19,477 shares in the last quarter. ING Groep NV bought a new stake in UMB Financial during the second quarter worth $400,000. Finally, Great West Life Assurance Co. Can raised its position in UMB Financial by 0.6% during the second quarter. Great West Life Assurance Co. Can now owns 25,465 shares of the bank’s stock worth $1,905,000 after acquiring an additional 157 shares in the last quarter. 83.00% of the stock is currently owned by hedge funds and other institutional investors.
UMB Financial Corporation (NASDAQ:UMBF) opened at $74.92 on Wednesday. The firm has a market cap of $3,763.48, a PE ratio of 20.51, a PEG ratio of 2.47 and a beta of 0.82. UMB Financial Corporation has a 1 year low of $62.27 and a 1 year high of $81.55. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.66 and a quick ratio of 0.66.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a $0.275 dividend. The ex-dividend date is Thursday, December 7th. This is an increase from UMB Financial’s previous quarterly dividend of $0.26. This represents a $1.10 annualized dividend and a dividend yield of 1.47%. UMB Financial’s dividend payout ratio is 28.41%.
In related news, insider Kevin M. Macke sold 1,332 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $75.50, for a total value of $100,566.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Timothy R. Murphy purchased 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was acquired at an average price of $67.50 per share, for a total transaction of $101,250.00. Following the completion of the purchase, the director now directly owns 4,049 shares of the company’s stock, valued at approximately $273,307.50. The disclosure for this purchase can be found here. Insiders purchased 1,786 shares of company stock worth $122,201 over the last 90 days. 10.09% of the stock is currently owned by corporate insiders.
Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th. Piper Jaffray Companies reissued a “neutral” rating and issued a $74.00 price objective on shares of UMB Financial in a research report on Friday, October 6th. Raymond James Financial raised shares of UMB Financial from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. Finally, UBS raised shares of UMB Financial from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. UMB Financial has an average rating of “Hold” and a consensus target price of $77.20.
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About UMB Financial
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.
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